Abstract:Fake GMI, a trading name of GLOBAL MARKET INDEX Limited, is allegedly a financial services company registered in China.
Note: For some unknown reason, we cannot open Fake GMIs official site (https://www.gmi-markets.net/en) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
Risk Warning
The United Kingdom FCA regulation (license number: 677530) claimed by this broker is suspected to be a clone. Please be aware of the risk!
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
Fake GMI, a trading name of GLOBAL MARKET INDEX Limited, is allegedly a financial services company registered in China.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, trading platforms, minimum deposit, etc.
Unluckily, it has been verified that the Financial Conduct Authority (FCA) license held by the broker is a suspicious clone. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and receives a relatively low score of 1.34/10. Please be aware of the risk.
Customer Support
Fake GMI‘s customer support can only be reached by email: admin@gmi-markets.net. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.
The forex market, with its daily trading volume exceeding $7.5 trillion, offers vast opportunities for traders. However, this immense market also attracts fraudulent brokers aiming to exploit unsuspecting investors. Recognizing the signs of a scam broker is crucial to safeguarding your capital and ensuring a secure trading experience.
Discover the top 5 essential features for choosing a trading platform in 2025: user-friendly design, advanced tools, low fees, robust security, and diverse assets. Optimize your trading success!
Platforms like IQ Option, even after being regulated and holding a valid license, have been falling short in meeting the traders’ expectations and safeguarding their funds. What is more concerning is instead they have been found to be opting scammy practices and wiping away the traders’ accounts and funds.
An Egyptian trader has raised accusations against iFOREX for its scammy practices, including unauthorized fund deductions and account suspension. Adding to that, several others have made a trail of exposure-seeking comments on WikiFX, raising questions on the broker’s reliability and operations.